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IsoEnergy Announces $3 Million Bought Deal Private Placement of Flow-Through Shares
IsoEnergy Announces $3 Million Bought Deal Private Placement of Flow-Through Shares ...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n \n \n \n IsoEnergy Announces $3 Million Bought Deal Private Placement of Flow-Through Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n /NOT FOR DISTIRBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVCES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 2, 2020\n \n /CNW/ - IsoEnergy Ltd. (TSXV: ISO) (\"\n \n IsoEnergy\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that the Company has entered into an agreement with Haywood Securities Inc. (the \"\n \n Underwriter\n \n \") for a bought deal private placement financing (the \"\n \n Offering\n \n \") wherein the Underwriter has agreed to purchase 2,027,027 flow-through common shares of the company (the \"\n \n FT Shares\n \n \") at a price of\n \n C$1.48\n \n per FT Share for aggregate gross proceeds of\n \n C$3,000,000\n \n . The FT Shares will qualify as \"flow-through shares\" as defined in the Income Tax Act (\n \n Canada\n \n ).\n \n \n In addition, the Company has granted the Underwriter an option (the \"\n \n Underwriter's Option\n \n \") to purchase up to an additional number of FT Shares (the \"\n \n Additional FT Shares\n \n \") equal to 15% of the FT Shares sold pursuant to the Offering, at a price per Additional FT Share equal to the Issue Price, by providing notice to the Company at any time up to 48 hours prior to the Closing Date (as defined herein).\n \n \n The gross proceeds received by the Company from the sale of the FT Shares will be used to incur Canadian exploration expenses that are \"flow-through mining expenditures\" (as such terms are defined in the Income Tax Act (\n \n Canada\n \n )) on the Company's properties in\n \n Saskatchewan\n \n (the \"\n \n Qualifying Expenditures\n \n \"). The Qualifying Expenditures will be renounced to the subscribers with an effective date no later than\n \n December 31, 2020\n \n , in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares.\n \n \n The closing of the Offering is anticipated to occur on or ...